Neo Ivy Capital Management Makes New $521,000 Investment in Power Integrations, Inc. $POWI

Neo Ivy Capital Management bought a new stake in shares of Power Integrations, Inc. (NASDAQ:POWI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,962 shares of the semiconductor company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Snyder Capital Management L P increased its holdings in shares of Power Integrations by 3.4% during the 3rd quarter. Snyder Capital Management L P now owns 829,726 shares of the semiconductor company’s stock valued at $33,363,000 after acquiring an additional 27,191 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Power Integrations by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,029,901 shares of the semiconductor company’s stock worth $41,408,000 after purchasing an additional 13,044 shares during the last quarter. Victory Capital Management Inc. boosted its position in Power Integrations by 13.5% during the third quarter. Victory Capital Management Inc. now owns 16,802 shares of the semiconductor company’s stock worth $676,000 after purchasing an additional 1,997 shares during the period. Huntington National Bank grew its holdings in Power Integrations by 42.6% during the third quarter. Huntington National Bank now owns 1,871 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 559 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Power Integrations by 48,387.7% in the third quarter. Quantbot Technologies LP now owns 130,432 shares of the semiconductor company’s stock valued at $5,245,000 after purchasing an additional 130,163 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Power Integrations from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Power Integrations in a report on Monday, December 29th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Power Integrations in a research report on Friday, February 6th. Finally, Susquehanna upped their price target on shares of Power Integrations from $50.00 to $53.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Power Integrations currently has a consensus rating of “Hold” and an average target price of $61.00.

Power Integrations Trading Down 3.7%

POWI opened at $46.06 on Monday. The business has a 50 day moving average of $44.35 and a 200-day moving average of $41.44. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 118.11, a P/E/G ratio of 3.50 and a beta of 1.34. Power Integrations, Inc. has a 1-year low of $30.86 and a 1-year high of $63.04.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $103.20 million for the quarter, compared to analyst estimates of $103.02 million. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. Power Integrations’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities analysts predict that Power Integrations, Inc. will post 0.93 EPS for the current year.

Power Integrations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. This is a positive change from Power Integrations’s previous quarterly dividend of $0.21. Power Integrations’s payout ratio is presently 220.51%.

Insider Activity at Power Integrations

In related news, CEO Jennifer A. Lloyd sold 3,322 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $46.57, for a total value of $154,705.54. Following the completion of the sale, the chief executive officer owned 76,307 shares in the company, valued at approximately $3,553,616.99. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gagan Jain sold 3,481 shares of Power Integrations stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $48.22, for a total value of $167,853.82. Following the sale, the vice president directly owned 30,769 shares in the company, valued at approximately $1,483,681.18. This trade represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,518 shares of company stock worth $1,920,642 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.